Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%.
Pending
$579,429
12229 Menaul Blvd NE, Albuquerque, NM 87112
7beds
4baths
3,107sqft
Est.:
Triplex, Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$186/sqft
$-- HOA
What's special
Spacious units
- 737 days |
- 61 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: November 16, 2025 at 01:41pm
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc. 505-440-8633
Source: SWMLS,MLS#: 1053809
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Tile
- Has basement: No
Interior area
- Total structure area: 3,107
- Total interior livable area: 3,107 sqft
Property
Parking
- Total spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 8,276.4 Square Feet
Details
- Has additional parcels: Yes
- Parcel number: 102205943630110604
- Zoning description: R-T*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1977
Utilities & green energy
- Electric: None
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Brentwoods Hills
Location
- Region: Albuquerque
Financial & listing details
- Price per square foot: $186/sqft
- Tax assessed value: $222,194
- Annual tax amount: $2,969
- Date on market: 12/4/2023
- Cumulative days on market: 732 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Other, See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$2,786/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/11/2025 | Pending sale | $579,429$186/sqft |
Source:  SWMLS #1053809 Report a problem | ||
| 12/4/2023 | Listed for sale | $579,429$186/sqft |
Source: SWMLS #1053809 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,125 +1.7% | $74,057 +3% |
| 2023 | $3,072 +3.5% | $71,900 +3% |
| 2022 | $2,969 +3.5% | $69,807 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,440/mo
Principal & interest
$2841
Property taxes
$396
Home insurance
$203
Climate risks
Neighborhood: 87112
Nearby schools
GreatSchools rating
- 10/10Matheson Park Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 8/10Hoover Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Eldorado High SchoolGrades: PK-12Distance: 1.5 mi
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